LendingTree Ranks Bay Area Cities as the Top Two Most Competitive Housing Markets!

10 Cities with the Most Competitive Home Buyers 1024x904 300x266 - LendingTree Ranks Bay Area Cities as the Top Two Most Competitive Housing Markets!

Top 10 Competitive Markets for Home Buyers by LendingTree

LendingTree, a company which helps match people to loans (think: dating app for mortgages), took the data received from over 1.5 million purchase mortgage loan requests from the 100 largest cities of the United States in 2017 and ranked their real estate markets in a unique way: by competitiveness. Spoiler alert: the top two most competitive cities in this study were San Francisco (#1) and San Jose (#2)!

Three criteria were used to determine the ranking for each city. The first was the number of buyers shopping for loans before finding the property. Next, the average down payment percent. And finally, the percentage of buyers who have prime credit scores (over 680).

Why were these criteria chosen? The more competitive the market, the more competitive buyers offers must be. In a strong seller’s market, having loan contingencies or a lower offer price will hurt your chances at having your offer accepted.

Keep reading below for a snipet of the top 10 most competitive markets from LendingTree’s article, and what it means.

2018 02 07 Lending Tree image to use 1 - LendingTree Ranks Bay Area Cities as the Top Two Most Competitive Housing Markets!

Notice anything similar about LendingTree’s Top 10? We might want to start calling it the Wild West!

What brought San Jose to the #2 position? While it ranked #21 for the percentage of buyers shopping for loans before writing an offer, San Jose was #1 for both the average percentage down and for the percentage of buyers with prime credit scores. San Francisco ranked second in both of those statistics.

LendingTree attributes the competitiveness of Bay Area cities to high-paying high-tech jobs. Whether it’s the industry or something else, the analysis revealed that,

“Some 60% of home shoppers applied for a mortgage before identifying a house. The two cities [San Francisco and San Jose] also came to the table with the highest average down payment of any region, at 19%. Furthermore, nearly two-thirds (64%) of Bay Area shoppers had prime credit scores, above 680.”

We’re in very good company, with all of the top 10 rankings being Western states and nearly all touching the Pacific.

Real estate agents have a number of ways of telling how competitive a market is. Anyone reading the monthly market posts in my other blogs will not be surprised that Silicon Valley is ranked so high.

The market posts on my Valley of Heart’s Delight blog have been showing a hot seller’s market for well over a year with statistics frequently showing properties selling above list price and quickly in markets with little to no inventory. Looking over the long run, many Silicon Valley markets have been showing escalating prices during this time of high demand.

Read the full LendingTree Most Competitive Housing Markets report here, or reach the link through either of the images above:


Check out my market analysis, most areas updated monthly, on my Valley of Heart’s Delight blog:


Mary Pope-Handy
Sereno Group
214 Los Gatos-Saratoga Rd.
Los Gatos CA 95030
[Silicon Valley, California, USA]
mary (at) popehandy.com
CA BRE # 01153805

CIPS - Certified International Property Specialist
CRS - Certified Residential Specialist
ABR - Accredited Buyer Representative
SRES - Seniors Real Estate Specialist

Helping nice folks to buy and sell homes in Silicon Valley since 1993. Mary Pope-Handy, Realtor, Silicon Valley
Mary’s Other Sites

Silicon Valley Real Estate: San Mateo, Santa Clara, Santa Cruz Counties, and especially
Los Gatos real estate

Santa Clara County Real Estate


Real estate in Santa Clara County, focused on west side communities of San Jose, Los Gatos, Saratoga, Campbell & nearby

Live in Los Gatos blog
Los Gatos neighborhoods, real estate, events, history, parks, businesses & more

Connect with Mary
Follow Mary on FacebookFollow Mary on TwitterFollow Mary on TwitterFollow Mary on YouTube

Please find many more icons for connecting socially at the very bottom of this page.

Browse Homes for Sale

Search All Listed Properties
Browse listings of homes for sale by map here on Move2SiliconValley.com by using this link: https://move2siliconvalley.com/homes-and-housing/homes-for-sale/.

Trends & Statistics

RE REPORT for Santa Clara, San Mateo, and Santa Cruz Counties:

Click the link below to get real estate data for Santa Clara County, San Mateo County, and Santa Cruz County (together making up about 98% of "Silicon Valley") care of the monthly RE REPORT.

Real Estate Market Statistics and Trends for Santa Clara County

Comps near any address in Santa Clara County
Listings and Sales Near Any Address in Santa Clara County

ALTOS RESEARCH weekly reports by zip code in Santa Clara County:

Use this link to sign up:
Altos Reports sign up link. The starting point is the city of San Jose, but you can request any zip code in Santa Clara County.